LME nickel price trend on November 16

On November 6, POSCO and Tata Steel sign an agreement for business and technical cooperation of Hyperloop, an eco-friendly transportation.

Adjusted year-to-date production through November 14, 2020 was 68,959,000 net tons, at a capability utilization rate of 66.9 percent.

But the October exports fell by 15.5pc from a year earlier, according to preliminary customs data. January-October exports fell by 19.3pc from a year earlier to 44.43mn t.

January-October imports rose by 73.9pc from a year earlier to 17.71mn.

In October, the largest finished steel import permit applications for offshore countries were for South Korea.

In September 2020, U.S. steel mills shipped 6,662,904 net tons.

The 2101 ferrosilicon contract price on ZCE closed at 5886 yuan per ton on November 16.